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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (5,960) $ 6,664
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, including amortization of capitalized loan costs 18,413 20,859
(Gain) loss on sale of real estate, land, other investments and discontinued operations (54) (16,036)
Share-based compensation expense 416 425
Other, net 374 835
Changes in other assets and liabilities:    
Other assets (1,542) (5,026)
Accounts payable and accrued expenses (5,355) (3,972)
Net cash provided by operating activities 6,292 3,749
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in notes receivable 0 (4,493)
Proceeds from sale of real estate and other investments 2,912 34,732
Payments for acquisitions of real estate assets (27,741) (128,934)
Payments for improvements of real estate assets (801) (2,504)
Other investing activities 109 24
Net cash provided by (used by) investing activities (25,521) (101,175)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgages payable (13,503) (42,804)
Proceeds from revolving lines of credit 79,677 72,000
Principal payments on revolving lines of credit (18,500) (153,000)
Principal payments on construction debt 0 (21,689)
Payments for acquisition of noncontrolling interests – consolidated real estate entities (1,239) 0
Repurchase of common shares (8,815) (1,442)
Repurchase of partnership units (156) (2,237)
Distributions paid to common shareholders (8,336) (8,405)
Distributions paid to preferred shareholders 0 (1,705)
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership (957) (990)
Distributions paid to noncontrolling interests – consolidated real estate entities (50) (53)
Net cash provided by (used by) financing activities 28,121 (160,325)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 8,892 (257,751)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 19,256 286,226
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 28,148 28,475
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures 1,167 (222)
Distributions declared but not paid 1,705 0
Property acquired through issuance of Series D preferred units 16,560 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest $ 7,350 $ 8,114